VONHOFF-HEUSCHEN & PARTNER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VONHOFF-HEUSCHEN & PARTNER
Largest movements
- Intangible fixed assets -€132,634
down €132,634 (-19.7%), from €674,133 to €541,498
- Tangible fixed assets +€32,879
up €32,879 (+5.2%), from €632,273 to €665,153
of which Plant, machinery and equipment: +€25,988
- Cash -€27,480
down €27,480 (-67.4%), from €40,784 to €13,304
mainly Debts after one year (-€132,951) and Investment in fixed assets (net) (-€73,252)
- Debts after one year -€132,951
down €132,951 (-13.3%), from €996,459 to €863,508
- Gross operating margin +€91,852
up €91,852 (+16.4%), from €560,354 to €652,206
- Staff costs +€65,911
up €65,911 (+18.1%), from €364,629 to €430,540
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,579,997 | €1,467,534 | -€112,463 | -7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,306,406 | €1,206,651 | -€99,755 | -7.6% |
| Intangible fixed assets | 21 | €674,133 | €541,498 | -€132,634 | -19.7% |
| Tangible fixed assets | 22/27 | €632,273 | €665,153 | +€32,879 | +5.2% |
| Land and buildings | 22 | €562,488 | €564,722 | +€2,234 | +0.4% |
| Plant, machinery and equipment | 23 | €44,770 | €70,758 | +€25,988 | +58.0% |
| Furniture and vehicles | 24 | €22,516 | €27,173 | +€4,657 | +20.7% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €273,591 | €260,883 | -€12,709 | -4.6% |
| Amounts receivable within one year | 40/41 | €227,009 | €237,941 | +€10,932 | +4.8% |
| Trade receivables | 40 | €220,178 | €237,601 | +€17,423 | +7.9% |
| Other amounts receivable | 41 | €6,831 | €340 | -€6,491 | -95.0% |
| Cash at bank and in hand | 54/58 | €40,784 | €13,304 | -€27,480 | -67.4% |
| Deferred charges and accrued income | 490/1 | €5,798 | €9,638 | +€3,840 | +66.2% |
| Total equity and liabilities | 10/49 | €1,579,997 | €1,467,534 | -€112,463 | -7.1% |
| Equity | 10/15 | €217,910 | €231,464 | +€13,554 | +6.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,910 | €216,464 | +€13,554 | +6.7% |
| Amounts payable | 17/49 | €1,362,087 | €1,236,070 | -€126,017 | -9.3% |
| Amounts payable after more than one year | 17 | €996,459 | €863,508 | -€132,951 | -13.3% |
| Financial debts | 170/4 | €996,459 | €863,508 | -€132,951 | -13.3% |
| Amounts payable within one year | 42/48 | €365,628 | €372,562 | +€6,934 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €180,453 | €189,610 | +€9,157 | +5.1% |
| Financial debts | 43 | €29,063 | €34,559 | +€5,495 | +18.9% |
| Credit institutions | 430/8 | €29,063 | €34,559 | +€5,495 | +18.9% |
| Trade debts | 44 | €96,047 | €92,332 | -€3,714 | -3.9% |
| Suppliers | 440/4 | €96,047 | €92,332 | -€3,714 | -3.9% |
| Taxes, remuneration and social security | 45 | €60,065 | €56,061 | -€4,004 | -6.7% |
| Remuneration and social security | 454/9 | €60,065 | €56,061 | -€4,004 | -6.7% |
| Remuneration, social security and pensions | 62 | €364,629 | €430,540 | +€65,911 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,330 | €173,007 | -€4,324 | -2.4% |
| Other operating charges | 640/8 | €4,187 | €6,121 | +€1,934 | +46.2% |
| Gross operating margin | 9900 | €560,354 | €652,206 | +€91,852 | +16.4% |
| Operating profit (loss) | 9901 | €14,207 | €42,539 | +€28,332 | +199.4% |
| Financial income | 75/76B | €379 | €255 | -€124 | -32.7% |
| Recurring financial income | 75 | €379 | €255 | -€124 | -32.7% |
| Financial charges | 65/66B | €20,105 | €19,504 | -€600 | -3.0% |
| Recurring financial charges | 65 | €20,105 | €19,504 | -€600 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,519 | €23,289 | +€28,808 | |
| Income taxes | 67/77 | €3,275 | €9,736 | +€6,461 | +197.3% |
| Profit (loss) for the period | 9904 | -€8,794 | €13,554 | +€22,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,794 | €13,554 | +€22,347 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.